https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/1318/COLLECTIONS/
... Newsletters Employees Articles Blog Photos Group Connections Reviews IMMS Library Immerse yourself in our stacks. Take some time and browse through our library. We have thousands of articles, checklists, tip sheets, sales letters, and more! Communications Marketing Customer Service Planning Finance/Accounting Risk Management Human Resources Selling Legal and E&O Technology Life/Financial Services Glossaries Management Resources & Links Categories Popular Recent All Back Collections 4/30/2013 10:38:09 PM by CompleteMarkets Editor This content has not been rated yet. COLLECTIONS The purpose of a collection system is to collect money owed to the agency without alienating the insured. In this section, we will answer the following questions: Who should do the collecting? What are the steps to developing an effective collection system? When should you collect ... or more of the premium with this binder. (Make sure insureds understand what is meant by needing this amount now to bind the contract.) If the binder is mailed with invoice attached, be sure to explain the need for the deposit by return mail, to bind the contract. You may wish to type on the binder If payment is not received within 15 days after effective date, this coverage will be rescinded. In the event that the insured cannot pay the full premium within 15 days of the effective date, suggest premium financing. If the balance is not paid within the time frame given, send a direct notice of cancellation if you have the authority to do so; if not, request that the company send direct notice. (Companies usually ask for a written request.) ...
https://completemarkets.com/Article/article-post/1318/COLLECTIONS/
Collections
COLLECTIONS The purpose of a collection system is to collect money owed to ...Agency Establish a Goal Concerning Collections? There are three reasons why t...
https://completemarkets.com/Article/article-post/2141/E-O-IN-COMMERCIAL-AUTO/
...exposure and that you write this coverage for them. The type of risk determine...ur staff and your customers on this coverage – and go a long way tow...
https://completemarkets.com/Article/article-post/2760/Life-Insurance-Without-a-Medical-Exam/
...ill share the importance of this coverage and how to gain coverage effectively and efficiently.
Why Sh...cide if taking out additional life coverage is worth the money spent on the coverage plan. Consider your current life ...
https://completemarkets.com/Article/article-post/1098/HARD-MARKET-SHENANIGANS/
...ntion that the Personal Property coverage has been reduced by about $20,000 if... 120% of your policy’s stated coverage amount.' Sounds familiar, doesn&...
https://completemarkets.com/Article/article-post/204/Working-Your-Plan-For-Renewals/
...about modified expiration dates, coverage types, and so on.
3) Review with pro...arizes the property description and coverage types, and invites the client to ...
https://completemarkets.com/Article/article-post/189/Internal-Credit-Policies/
...Consider the following:
Premium collections occur primarily:
During the n...spects before they renew or buy new coverage
Establish a suspense system ...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/779/Health-Insurance-Reform-Changes-In-The-Private-Market-Under-H-R-3103/
... required to issue interim final regulations 6/1 /1997 Health plans and issuers required to begin issuing certifications of prior creditable coverage [2 ] 7/1 /1997 Portability, availability and renewability provisions become effective for group health plan years beginning on or after this date 7/1 /1998 Portability, availability and renewability provisions for group health plans in effect for all group plans with exceptions for collectively bargained plans [3 ] [1 ] Former enrollees who need to document creditable coverage prior to July 1, 1996 may follow procedures established by the Secretaries of Labor, Health and Human Services, and Treasury. [2 ] Former enrollees must make written requests for certification of creditable coverage which ended between July 1, and October 1, 1996. [3 ] Effective date for collective bargaining ... Health Insurance Reform: Changes In The Private Market Under H.R. 3103 4/30/2013 12:00:00 AM by CompleteMarkets Editor , Beth Fuchs This content has not been rated yet. The conference report for H.R. 3103, the Health Insurance Portability and Accountability Act of 1996, provides for changes in the private heath insurance market. The bill guarantees the availability of private heath insurance coverage for certain groups and restricts the use of preexisting condition restrictions. Renewal of coverage will be guaranteed with limited exceptions. Although H.R. 3103 creates federal standards for insurers, health maintenance organizations (HMOs), and employers who self-insure, the bill permits substantial state flexibility for compliance. This report examines the major features of H.R. 3103 regarding heath insurance. MAJOR REFORMS H.R. 3103 regulates the ...
https://completemarkets.com/Article/article-post/989/Agents-Responsibility-For-Company-Insolvency/
... or decreased attention paid to collection of accounts current
Increase i...
https://completemarkets.com/Article/article-post/1686/WORK-FLOW-PROCEDURES-MANUAL-PERSONAL-NEW-BUSINESS-PROCEDURE/
... Once a customer has placed the coverage with the agency, what that agency do...ur customer, the most comprehensive coverage at a very competitive price, whil...